An investment company has acquired UK wine importer Thierry’s, which will now be known as Watermill Wines Limited.
The move follows a review of the company’s business activities. The existing management team, Dominique Vrigneau and Lindsay Talas, remains, focussing on the wine side of the business.
Richard Baizley, the company’s new chairman, commented: ‘In the current challenging economic climate it’s vital to take a long term strategic view to maintain sustainability. This deal and new investment enables us to do just that.’